AMIF Move Underlines Importance of PE Infrastructure Spend

The ADCB Macquarie Infrastructure Fund (AMIF), a joint fund between Abu Dhabi Commercial Bank and Australian private equity (PE) giant Macquarie Group, has announced its first foray into the Abu Dhabi infrastructure sector. The move underlines CFW's view on the opportunities for private equity firms that exist in the infrastructure space (see 'Macquarie's Turn To Tap Infrastructure Potential, CFW December 2008), in this case despite a deterioration in the emirate's construction industry as a whole. BMI analysts recently revised their forecast for the industry value's real growth to 0.9% for 2009, down from the previous forecast of 4.7%.

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